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INSIDER HEADLINE: CVC-owned Matahari launches Indonesia share offer, up to $1.36 bln -Report
March 11 (Insider Stories)-Looking to benefit from growing investor appetite for Indonesian consumer stocks, CVC Capital Partners and PT Multipolar Tbk Monday launched an offering worth up to $1.36 billion of shares in PT Matahari Department Store, Reuters News reported, citing terms seen by the news agency. Multipolar and a CVC subsidiary are offering 1.167 Full Article
US Ex-Im Bank Approves $1.1b Loan for Lion Air’s Boeing Purchase
(The Insider Stories) – The United States Export-Import Bank announced Wednesday it has approved a final commitment of $1.1 billion to help finance the export of a fleet of Boeing 737-900ER aircraft to Lion Air, a low cost carrier and the biggest private airline in Indonesia. The aircraft with CFM International engines will be delivered Full Article
Ferrostaal to Establish $2b Petrochemical Plant in Indonesia’s West Papua
(The Insider Stories) - Ferrostaal, a German industrial giant, plans to invest in a $2 billion petrochemical project in Indonesia’s West Papua province, a statement from Indonesia’s industry ministry said late on Monday. The statement said the commitment was revealed on the sideline of a visit by Indonesia’s President Susilo Bambang Yudhoyono to Berlin, the Full Article
Garibaldi Thohir Teams Up With Northstar to Buy Hutchison 3 Indonesia
(The Insider Stories) - Garibaldi Thohir, an Indonesian tycoon, joined hands with a US-based private equity fund has acquired 35 percent stake in PT Hutchison 3 Indonesia, a local mobile phone operator of Hong Kong’s Hutchison Whampoa Group. Mr Thohir and partner, Northstar Pacific – part of U.S. private equity company TPG – purchased the Full Article
Lotte Plans $5b Petrochemical Plant in Indonesia
Insider Stories - Lotte Chemical Corporation, part of Lotte Group, South Korea’s conglomerate with diversified businesses, plans to build a $5 billion petrochemical plant in Cilegon, Indonesia’s Banten province, a high level official at the industry ministry said. Kim Gyo Hyun, Executive Director of Lotte Chemical, came to Indonesia and visit Indonesia’s Industry Minister office Full Article
Jakarta Governor Says Floods Cause Loss of More Than Rp 20t
Wednesday, Jan. 23 (Insider Stories) - Total loss from the recent floods that strucked Indonesia’s capital city is estimated at more than Rp 20 trillion, Jakarta Governor Joko Widodo said as quoted by Kompas. “A city like Jakarta must have a scheme to let the water flow,” the governor, famous with name Jokowi said, as Full Article
